Essex Realty Group, Inc. has been exclusively engaged to market for sale 2020-2022 North Spaulding Avenue, a center entrance 8 unit apartment building located in Chicago’s Logan Square Neighborhood. The property is currently comprised of six large 3 bed/1 bath units and two 2 bed/1 bath garden units. The property is situated on an extra large lot on the west side of North Spaulding Avenue and just north of Armitage. Currently tenants park their cars on the west end of the lot in front of an old garage.
Due to the size of the current units and location of the building, the property presents the investor with the opportunity to completely renovate the apartments and receive the high end rents Logan Square is currently commanding.
The Logan Square neighborhood is located approx. 3 miles northwest of Chicago’s Loop. The neighborhood is bordered by North Ave. to the south, Diversey Ave. to the north, the Chicago River to the east, and the Metra North Line railroad to the west. In the past few years, the area has enjoyed booming growth in population and popularity with Chicago’s residents, as evidenced by the opening of a variety of new retail developments and popular new bars and restaurants. Known for its historical architecture, scenic boulevards, and expansive parks, Logan Square is regularly regarded as one of Chicago’s most desirable neighborhoods.
- 48 Property Tours in 1 Week of Marketing
- Multiple Offers
- Under Contract Within 2 Weeks of Listing
- Rarely Available 8 Unit Center Entrance Apartment Building in Hot Logan Square
- Extra Large Lot - 60 x 180 FT
- Large Rear Yard for Plenty of Parking